3 / 100 * 40000 =
0.03 * 40000 = 1200
Question: What is 3 percent of 40000?
Step 1: Divide the percent value (3) by 100.
3 / 100 = 0.03
Step 2: Multiply step one's result (0.03) by the number (40000).
0.03 * 40000 = 1200
Result: 3% of 40000 = 1200.